Note that the settlement and maturity dates should be input as either:

References to cells containing dates

or

Dates returned from formulas

- If you attempt to input these date arguments as text, Excel may misinterpret
them, due to different date systems, or date interpretation settings.

Warning:
Although you can input the date arguments as date serial numbers, this is not recommended
as date serial numbering does vary across different computer systems.

Received Function Example

In the spreadsheet below, the Excel Received function is used to calculate amount received at maturity,
on an investment of $1,000, which was used to purchase a security on 01-Apr-2005. The security matured
on 1-Mar-2010, with a discount rate of 4.5%, and the US (NASD) 30/360 day count basis is used:

The formula in the above spreadsheet returns the value $1,290.32.

Note that, in this example, the [basis] argument is omitted and so takes on the default of 0 (and
therefore uses the US (NASD) 30/360 basis)

Note also that, as recommended by Microsoft, the dates are not typed directly into the function.
Instead, in this example, the Excel Date function
has been used.